Veren Inc (NYSE:VRN) price on Tuesday, December 24, rose 2.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.93.
A look at the stock’s price movement, the close in the last trading session was $4.83, moving within a range at $4.79 and $4.97. The beta value (5-Year monthly) was 2.669 while the PE ratio in trailing twelve months stood at 3.54. Turning to its 52-week performance, $9.28 and $4.39 were the 52-week high and 52-week low respectively. Overall, VRN moved -9.21% over the past month.
Veren Inc’s market cap currently stands at around $3.03 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.33, with its dividend yield at 6.78%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1B for the company’s revenue for the quarter, with a low and high estimate of 907.4M and 1.09B respectively. The average forecast suggests down to a -0.88% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.17B, representing a 1.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VRN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.70, with VRN’s current price about -0.34% and -7.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.78, while 7-day volatility ratio is 4.94% and 3.23% in the 30-day chart. Further, Veren Inc (VRN) has a beta value of 2.16, and an average true range (ATR) of 0.18.
If we refocus on Veren Inc (NYSE:VRN), historical trading data shows that trading volumes averaged 10.94 over the past 10 days and 6.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 616.33 million shares.
The 2.05% of Veren Inc’s shares are in the hands of company insiders while institutional holders own 45.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.11 million on 2024-11-29, giving us a short ratio of 2.37. Current price change has pushed the stock -28.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VRN stock continues to rise going into the next quarter.
